Standard LifeInvProp Blocklisting Application

 
TIDMSLI 
 
15 January 2018 
 
            Standard Life Investments Property Income Trust Limited 
 
                           Blocklisting application 
 
Standard Life Investments Property Income Trust Limited (the "Company") has 
made an application to the UK Listing Authority for a blocklisting of 
20,000,000 ordinary shares of 1p each in the Company (the "Shares") to be 
admitted to the premium segment of the Official List and to trading on the Main 
Market of the London Stock Exchange. 
 
The Company continues to see strong demand for its Shares which has been 
reflected in the Shares trading at an average premium to net asset value of 
7.7% over the last three months. The Company therefore intends to continue its 
issuance programme through its corporate broker, Winterflood Securities 
Limited, with a view to managing the Company's premium to net asset value. Any 
Shares issued under the issuance programme will only be issued at a premium to 
net asset value (plus costs) and will be accretive to existing shareholders. 
 
The net proceeds from the issue of new Shares will be used to reduce the 
Company's borrowings and/or invested in accordance with the Company's 
investment policy. 
 
The blocklisting is expected to become effective at 8:00 a.m. on 16 January 
2018. 
 
For further details please contact: 
 
Standard Life Investments                           0131 245 3151 
Graeme McDonald 
 
Winterflood Investment Trusts                       020 3100 0000 
Graeme Caton 
Neil Langford 
 
 
 
END 
 

(END) Dow Jones Newswires

January 15, 2018 06:39 ET (11:39 GMT)